Microsoft Calls for No Vote on Bitcoin Diversification Proposal from Shareholders
The National Center for Public Policy Research, a conservative think tank, has informed Microsoft shareholders of its plan to propose a Bitcoin Diversification Assessment during the company’s annual meeting on December 10.
This notification was made public through a filing with the U.S. Securities and Exchange Commission (SEC).
The proposal suggests that Microsoft explores Bitcoin as a means to hedge against inflation and other macroeconomic pressures. However, the company’s board of directors recommends shareholders vote against this measure.
In the filing, Microsoft stated that it already “carefully considers this topic” as part of its corporate treasury management.
According to Microsoft, past evaluations have included Bitcoin and other cryptocurrencies among potential options, and the company continues to monitor cryptocurrency trends to guide future decisions.
The board expressed concerns about the volatility of cryptocurrencies, which could pose challenges for corporate treasury applications that require stable and predictable investments to maintain liquidity and operational funding.
“Microsoft has strong and appropriate processes in place to manage and diversify its corporate treasury for the long-term benefit of shareholders, and this requested public assessment is unwarranted,” the company stated in its opposition to the proposal.
The National Center for Public Policy Research, affiliated with Project 2025, argues that Bitcoin serves as an “excellent, if not the best, hedge against inflation.” They propose that companies should allocate at least 1% of their total assets to the cryptocurrency.
It is worth noting that Microsoft’s major shareholders include prominent investment firms such as Vanguard, BlackRock, and State Street, which may influence the outcome of the vote at the upcoming annual meeting.
